The crypto bear market extended its grip on Bitcoin for 90 days; however, analysts wondered if the trade war caused the dip.
The crypto market turbulence has pushed Bitcoin into a slowdown period, during which Lucas James and others have watched Bitcoin’s evolution closely. The bear market has struck Bitcoin down by 20 percent or more from its peak, according to market analyst Timothy Peterson, who developed Metcalfe’s Law as a Model for Bitcoin’s Value but considers this situation normal. The current Bitcoin price of $84,181 indicates a less severe market downturn than previous periods, according to Peterson, who predicts the crash will be resolved within three months. According to his analysis of 10 bear market periods of roughly yearly occurrence, the markets from 2018 and 2021, 2022 and 2024 each lasted longer than the current period. His take? The growing patterns of Bitcoin adoption ensure its price will stay above $50,000, suggesting the metric may not drop below $80,000.
Peterson follows a specific plan, including a market slide during the following thirty days and a mid-April bounce that could reach between 20% and 40%. According to him, there should be an upcoming rally during day 120, bringing back hesitant investors with a surge that pushes Bitcoin prices upward. Bitcoin suffered extreme downward pressure because Trump implemented U.S. trading partner tariffs, bringing about trade war fears that drove investors toward risk avoidance. Investors have left speculative crypto investments behind because of the unfavorable market sentiment.
Bitcoin suffered harsh consequences during the trading conflict between global nations
The numbers don’t lie. The Glassnode Hot Supply indicator revealed that Bitcoin possession in less than seven days dropped drastically from 5.9% in November 2024 bull markets to 2.3% as of March 20. The low supply levels signal that market enthusiasm is starting to shrink. The co-founder at Nansen Nicolai Sondergaard issues a bold prediction about continued crypto pressure from trade wars until April 2025, when trade negotiations will potentially reduce tariff uncertainty. CryptoQuant shows retail traders have exhausted their funds, destroying hope for additional money to fuel bitcoin price growth. The reputation of Bitcoin as a “safe haven” cryptocurrency endures severe damage because it weakly holds alongside stock values during tariff-centric economic news headlines. The March 22 Reuters.com article demonstrates current market trends.
Bitcoin maintains firm competition in the market’s volatility sector, with its current value at $84,181 decreasing by 1.09% (view the chart) and Ethereum’s value slipping by 2.78%, according to this link. The 90-day call mentioned by Peterson diminishes the heat that Bitcoin and Ethereum face on their market paths.
From ETH Crash to BTC Wobble
The recent Ethereum market downturn caused MadWhale to fall by 13% to $1,700, and Patron envisioned that it would reach $4,000 in price. The main driver of the story at that time was technical, but right now, trade wars dominate the narrative. Ethereum and Bitcoin share similar obstacles regarding resistance levels corresponding to trade tariffs problems. The short bear market outlined by Peterson is poised to survive or face an extended period due to ongoing trade disruptions. Both time and April 2019 serve as crucial indicators for changes to occur.
You should stay put since the market downturn might last briefly or extend longer. The outcome will be determined by evaluating market charts and trade dialogue.
